Blog

Whether you have retired or are approaching retirement, thinking about where your money is going to come from once you stop work is an important consideration for us all. The financial planners at GNS Group help clients to understand their options and how to map out the next chapter of their journey. Security – ForRead more

This seems to be the most frequently asked question for our financial planning team, other than how can I buy Bitcoin. We could all do with a little more, and often want to know how much other people are earning and spending. Whether you are approaching retirement, or already there, knowing how much you haveRead more

If you are taking a pension or income stream from your super fund, be sure you take the minimum amount out of the fund in cash prior to the end of June. There are implications if you have not met the rules around your minimum pension for the year. If you would like assistance understandingRead more

If you are aged between 65 and 74, you must satisfy a ‘work test’ to make personal superannuation contributions. You may have heard the work test was to be abolished as part of other superannuation changes, but it has remained in place. The ‘work test’ requires you to have worked a minimum of 40 hoursRead more

Superannuation reforms start coming into effect on 1 July 2017. These changes may significantly impact the level of contributions you can make to super and the amount you can hold in retirement income streams. Find out if you will be affected by calling our office today

SAVE THE DATE – TUESDAY 28th MARCH 2017 at 6pm. GNS Group will be running a superannuation seminar on the changes. With 30 June marking the final day of the old superannuation regime, you need to act now to make sure you’re compliant. The key changes include: Introducing a $1.6 million superannuation transfer balance capRead more

We can all be a little slow getting back into the swing of things after the New Year. So just a little reminder of some important upcoming ATO due dates to help you while you transition from holiday mode to work mode. December payroll tax – due Monday 16 January (Victoria – now overdue) DecemberRead more

Many of the changes announced in the May federal budget have now been passed by parliament. Contribution limits have changed from 1/7/2017 Pre-Tax contributions will be limited to $25,000 for all taxpayers. After- tax Contributions have been changed to $100,000 per annual. With the opportunity to bring forward 3 years of contributions, making it possibleRead more

Fantastic news – the clients & friends of GNS have raised $1,250 towards the fantastic cause of Movember. Anthony led the charge in the office and we are pleased to say he is now clean shaven once again as you can see from the before & after shots on our Facebook Page – https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fpermalink.php%3Fstory_fbid%3D1722388608077917%26id%3D1469537146696399&width=500″ width=”500″Read more

On 1 Jan 2017, there are significant changes coming to how Age Pension Benefits are calculated. It has been estimated that close to 100,000 Australians will LOSE their Age Pension entirely, with over 200,000 suffering a reduction in their Age Pension benefits. GNS Group will be holding two information sessions in the Banyule area onRead more